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    Property profile & analytics
    OFF-MARKET Estimated value $5,750,000
    Investment properties

    98 Water St, Plymouth, MA 02360-3727

    34,938 SF 0.96 ac lot Built 1965
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US38-0419393
    Property summary
    AI-generated overview

    This exceptional commercial opportunity presents 1,000 to 6,000 square feet of ground-floor retail or restaurant space at 98 Water Street in historic Plymouth, MA. Located in the beautifully renovated former Governor Bradford Hotel, this street-front location offers unparalleled visibility and accessibility. The space is part of a mixed-use development, combining vibrant commercial space with residential apartments above. The property boasts a total lot size of 0.96 acres, providing ample space and potential for outdoor seating. A restaurant tenant could potentially seat up to 160 patrons, with the added benefit of an outdoor patio area directly on Water Street, capitalizing on the bustling waterfront activity. The flexible space allows for customization to suit a variety of retail or restaurant concepts. This is a rare chance to establish a business in a prime location within a revitalized landmark building in the heart of Plymouth. The building's transformation is underway, presenting a unique opportunity to be part of a thriving community. The total square footage available is highly adaptable, ranging from 1,000 to 6,000 square feet, catering to various business needs and expansion plans. Contact us today to learn more about this exciting opportunity.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1965
    Construction FRAME
    Total area 34,938 SF
    Lot 0.96 ac (41,935 SF)
    Zoning code DH
    APN PLYM M:0017 B:0000 L:0152
    UPID US38-0419393
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • La Baia Restaurant
    • Vitamin Sea Brewing Plymouth Production Facility Brewery & Distillery
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $5.19M
    Comparable Approach Comparable
    $7.22M
    Blend (final) Blend
    $5.75M
    Owner & transaction history
    98 Water LLC · 7 yrs held
    98 Water LLC
    since 2019
    7 recorded transactions
    2023
    2019
    $4.6M
    2018
    2008
    2008
    2001
    1998
    Zoning & alternative use
    DH · Plymouth, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $9.2M +35.5%
    Industrial (general) $7.9M +16.7%
    Retail stores $7.3M +6.7%
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